Tag: credit
Pilot Mobile Money service to be licensed next month
Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting.
Vietnam Airlines signs US$173.7-mln credit deal with three banks
National flag carrier Vietnam Airlines on July 7 signed a credit deal – worth total of VND4 trillion (US$173.7 million) – with three commercial banks, which are expected to weather the financial impact of the COVID-19 pandemic.
Nearly 1.3 million poor, near-poor households provided with social policy bank loans
Nearly 1.3 million poor and near-poor households had got access to loans from the Vietnam Bank for Social Policies (VBSP) to cope with COVID-19 in the first half of this year.
Vietnamese banks remain attractive to foreign investors
Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic.
Vietnam Airlines, SeABank sign VND2-trillion credit contract
The Vietnam Airlines Corporation and the Southeast Asia Commercial Joint Stock Bank (SeABank) have signed a credit contract worth VND2 trillion (US$87.24 million), part of which will be disbursed by the bank in early July.
Leading bank sponsors thermal power project in Quang Binh
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will provide a credit worth VND27.1 trillion (US$1.18 billion) for the Quang Trach 1 thermal power project in the centreal province of Quang Binh.
Flexible monetary policy helps recover credit growth amid pandemic
The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.
RoK credit card issuer wholly acquires Wirecard Vietnam
BC Card, a Republic of Korea-based credit card issuer, has acquired 100% stake of Vietnamese point of sale (POS) terminal provider Wirecard Vietnam in a bid to expand its foothold in Southeast Asia.
BIDV signs green credit agreement with French Development Agency
The Bank for Investment and Development of Vietnam (BIDV) announced on May 27 that it has signed an agreement on the SUNREF green credit line with the French Development Agency (AFD) to finance businesses investing in the fields of environmental protection, climate change response, and green growth.
Moody's affirms credit ratings for four Vietnamese banks
Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.
